Source: Fortune.com
Summary
MacKenzie Scott, one of the world’s most generous philanthropists, was not included in the Chronicle of Philanthropy’s list of top 50 donors despite donating over $7 billion to more than 120 organizations last year. Scott’s secrecy and lack of transparency regarding her donations made it impossible for the Chronicle to confirm her gifts. Scott’s philanthropic organization, Yield Giving, contacts organizations to offer donations rather than the other way around, and her due diligence process is extensive. She makes unrestricted gifts, allowing organizations to use the donations as they see fit.
Our Reading
The numbers tell one story. MacKenzie Scott’s $7 billion in donations last year was not enough to secure her a spot on the Chronicle of Philanthropy’s list of top 50 donors. Scott’s secrecy and lack of transparency are hallmarks of her philanthropic style, which includes making unrestricted gifts to organizations. Her due diligence process is extensive, and she allows organizations to use donations as they see fit. “She’s just one cog of a generosity wheel,” Scott wrote in an essay, highlighting her philosophy of inspiring others through her philanthropy. Scott’s exclusion from the list has been criticized by some, with one expert calling it “odd” given the scale of her donations.
Author: Evan Null
